Issue - meetings
Coalville Special Expenses Finance Update
Meeting: 22/10/2019 - Coalville Special Expenses Working Party (Item 14)
14 Coalville Special Expenses Finance Update PDF 149 KB
Report of the Head of Community Services
- Enc. 1 for Coalville Special Expenses Finance Update, item 14 PDF 109 KB
- Enc. 2 for Coalville Special Expenses Finance Update, item 14 PDF 91 KB
The Head of Community Services presented the report to Members. He reminded Members that they needed to be cautious of the budget until the outcome of the asset assessment was known. He drew attention to appendix 1 and highlighted that in the original budget it was predicted that £7,841 would be brought forward to the balance at the end of the year, however due to the reduce burial income and approved items to be funded from balances a figure of £20,324 was required. He informed Members that it would leave a balance of £61k and therefore it was recommended that no further funding be allocated until the 5 year planned maintenance programme be finalised.
Following a question from Councillor M B Wyatt, the Cultural Services Team Manager confirmed that the £2,000 was still required in addition to sponsorship.
By affirmation of the meeting it was
- The 19/20 period 5 position & forecast outturn be noted.
- That no further funding is allocated from balances or asset protection funds until a 5 year planned maintenance programme for all of the Coalville Special Expense assets has been developed, with the exception of any health & safety issues.